🚨 #BlackRock has placed a formal order to purchase at least $5 billion worth of #SpaceX shares as an institutional anchor investor ahead of the rocket company's historic stock market debut. The blockbuster initial public offering (IPO) is scheduled to list on the Nasdaq exchange on Friday, June 12, 2026, under the ticker symbol SPCX. It is positioned to become the largest stock market flotation in history. 🚀 Details of the BlackRock Order * Order Scale: BlackRock initially discussed an injection between $5 billion and $10 billion, ultimately finalizing an order for at least $5 billion in shares. * Funding Source: The capital is being deployed from BlackRock's pool of actively managed funds. * Unprecedented Demand: BlackRock's multi-billion dollar commitment represents a massive institutional backing alongside sovereign wealth funds, family offices, and unprecedented retail demand. [2, 3] 👉 The Upcoming Stock Debut According to filings and reports from major outlets like The Wall Street Journal and [CNBC] (https://t.co/EqIlgp7XDG), the offering structures include: * Target Valuation: SpaceX is targeting a market capitalization of $1.75 trillion to $1.77 trillion. * Capital Raise: The company plans to raise approximately $75 billion through the offering. * Share Pricing: Following a strategic 5-for-1 stock split executed to lower the barrier of entry for smaller investors, the IPO share price has been set at $135 per share. * Timeline: The IPO order book closed on Wednesday, June 10. Final pricing and share allocations are being processed following the market close on Thursday, June 11, immediately ahead of the Friday morning opening bell. * Retail Participation: Elon Musk designed the IPO to include heavy retail participation, allocating up to 30% of shares for everyday investors. Mainstream brokerages—including Fidelity, Charles Schwab, Robinhood, SoFi, and E*TRADE—are handling retail allocations.